0_public:chart_pattern:triangles
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+ | ====== Triangles ====== | ||
+ | Ascending triangles are bullish, symmetrical triangles can move in either direction, and descending triangles are bearish. | ||
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+ | A technical triangle pattern is a chart formation indicating consolidation and potential breakout, formed by converging trendlines representing the asset’s highs and lows.((https:// | ||
+ | ===== Symmetrical Triangles ===== | ||
+ | |||
+ | * price range narrows | ||
+ | * lower highs | ||
+ | * higher lows | ||
+ | * price can break out of the triangle in either direction | ||
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+ | Brent has also formed a symmetrical triangle pattern, which is a neutral pattern. | ||
+ | ===== Ascending triangles ===== | ||
+ | |||
+ | * consistent highs and higher lows | ||
+ | * bullish | ||
+ | * price tending to break out upwards | ||
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+ | ===== Descending triangles ===== | ||
+ | |||
+ | * consistent lows and lower highs | ||
+ | * bearish signal | ||
+ | * price will tend to break out lower | ||
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+ | [[https:// |